FirmaIQ
Org.nr 990 297 924 2019 → 2020 Year-over-year analysis

ADVOKATFIRMA METTEVOLL AS: årsregnskap 2020 vs 2019

Grew 11% on revenue, stronger earnings, cash halved-plus

approved 2021-02-02; registry 2021-02-08; journal 2021 114168

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA METTEVOLL AS. Revenue 1.56m NOK → 1.73m NOK (+10.8%). Net result +754.5k NOK → +942.8k NOK. Equity 191.4k NOK → 234.2k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
1.56m NOK 1.73m NOK
+10.8%
Operating result
+666.8k NOK +914.0k NOK
+37.1%
Net result
+754.5k NOK +942.8k NOK
+25.0%
Equity
191.4k NOK 234.2k NOK
+22.4%
Cash
819.5k NOK 12.6k NOK
-98.5%
Total assets
1.29m NOK 1.48m NOK
+15.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.56m NOK to 1.73m NOK (+10.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +666.8k NOK → +914.0k NOK (op. margin 42.8% → 52.9%). Calculated

  • ↑

    Net result improved

    Net result +754.5k NOK → +942.8k NOK (net margin 48.4% → 54.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 191.4k NOK → 234.2k NOK (equity ratio 14.9% → 15.8%). Calculated

  • ↑

    Payroll decreased

    Salary cost 431.3k NOK → 383.5k NOK (28% → 22% of revenue). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 819.5k NOK → 12.6k NOK (-98.5% YoY). Calculated